Nicaragua Eliminates Tax on Colombian Imports

TODAY NICARAGUA – Goods and services imported from the South American country will no longer incur the “patriotic” tax of 35%, which has been levied since 1999.

From a statement issued by the National Assembly, said: “With the unanimous approval this March 7, of the Bill Repealing the law creating the tax on Goods and Services of Colombian origin or provenance, Nicaragua opens the door to boosting investment and improving the business climate between the two countries.

Strengthening trade relations between Nicaragua and Colombia and regional integration, will also be favored with the elimination of the 35% tax on any imported good or service, manufactured and assembled with Colombian origin or provenance.”